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at what ronald reagan and tip o'neill did. they worked together out of a framework to lower tax rates and broaden the base, and they worked together to fix that. what we're saying is here's our framework. lower tax rates 20%. we raise did billion 1.2 trillion through income taxes. we forgo about $1.1 trillion in loopholes and deductions. what we're saying is deny those loopholes and deductions to higher income taxpayers so more of their income is taxed which has a broader base of taxation. >> can i translate. >> so we can lower tax rates across the board. >> i hope i'm going to get time to respond. >> you'll get time. >> we want to work with congress on how best to achieve this. >> no specifics. >> what we're saying is lower tax rates 20%. start with the wellie. work with congress-- >> you guarantee this math will add up. >> six studies have guaranteed. six studies have guaranteed this-- >> vice president biden. >> let me have a chance to translate. >> i'll come back in a second, right? >> first of all, i was there with ronald reagan. he gave specific to what he was going to cut, numb
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